Newcastle Limited is now Newcastle Investors.

Newcastle Limited and CB Richard Ellis Negotiate Sale of a Prime 40-Acre Site in Unincorporated Cook County

* As of December 2023, Newcastle Limited became Newcastle Investors.

Written By
Posted On
December 11, 2006

CHICAGO – Newcastle Limited* and CB Richard Ellis represented Culligan International in the sale of its 40-acre headquarters in unincorporated Cook County to Chicago-based real estate developer GlenStar Properties LLC.The property is located in a prime north-suburban location at the intersection of Willow Road and I-294. It is bordered by Glenview on the north and south, Northbrook on the east and Wheeling on the west. Prospect Heights is located southwest of the Property.GlenStar’s $500-million mixed-use redevelopment plan includes condominiums, shops, restaurants, office space and a hotel. The developer also is planning to construct a pond with walking pathways and is seeking retailers to accommodate resident needs.Culligan plans to lease 80,000 square feet at the Riverway Center complex in west-suburban Rosemont for its headquarters and distribution facility.“This site’s excellent access, coveted location and high visibility provides for over 1.8 million square feet of prime mixed-use development”, said Haney, who in 2002 represented Baxter Healthcare Corporation in the sale of 70-acres of land adjacent to its world headquarters along I-294 in only 45 days.Newcastle represented DePaul University in the sale of its Barat College campus in Lake Forest, Loyola University in the lease of a development site on its Water Tower Campus and in efforts to establish the new Devon/Sheridan TIF District in Chicago’s Rogers Park community.

About Newcastle Limited

Chicago-based Newcastle Limited provides real estate advisory and development services to institutions, corporations and investors. Newcastle helps clients maximize investment returns and reduce project risk. More information is available at